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Who must pay Franchise and Excise Taxes?

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Who must pay Franchise and Excise Taxes?

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Any active or inactive business registered for franchise and excise tax with the Department of Revenue and/or chartered with the Tennessee Secretary of State to do business in Tennessee must pay privilege taxes. A minimum franchise tax of $100 is due, even if your charter or qualification has been forfeited, revoked or suspended without being properly dissolved, surrendered, withdrawn or otherwise properly terminated. Learn more…

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